Halfway through 2018, the United States music business “continues its comeback story, powered by great new music, talented artists and a re-invented record industry.”
Findings include the music industry’s rapid transition from unit-based physical and digital sales towards streaming music sources. Total revenues from recorded music in the United States grew 10 percent to $4.6 billion at retail in 1H 2018. Streaming music accounted for 75 percent of industry revenues. At wholesale value, revenues rose 10 percent to $3.1 billion.
The full report can be found at riaa.com.
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